Action-Aid Zambia is saddened that Government has Bowed to Industry Pressure through the Removal of 7.5 Percent Duty on Importation of Copper Concentrates.
Action-Aid Zambia Country Director Nalucha Ziba says this move is not welcome as it Undermines efforts of having a stable Mining Tax Regime.
The 7.5 Percent Tax on Copper Concentrates was meant to encourage Value addition Locally and Envisioned to Contribute towards Creation of the much needed Jobs.
Ziba says it is Action-Aid Zambia’s considered view that the Government through the Minister of Finance should Tell the Nation Where they are going to get the forgone Revenue.
She believes this is not in good Faith as it Undermines Revenue Collection from the Countries Endowment of Natural Resources in the Mining Sector.
She says it is Worrying that though Government has Embarked on an Economic Recovery Plan that will Require Sufficient Revenues to Finance, on the other Hand Government is Backtracking on Revenue Collection.
Ziba has therefore called on the Minister of Finance, Felix Mutati to show Policy Consistent by not Reversing Measures only when Mining Companies Demand or Complain.